Following on from last year’s seed investment, Tampa-based Rewst received a new infusion of funds to accelerate its mission to optimize the business operations of managed IT service providers (MSPs).
TAMPA, Florida., August 23, 2022 /PRNewswire/ — Rewst, the managed service provider-focused company that brings robotic process automation to life for MSPs, today announced that it has secured $4 million in financing via a funding round led by TDF Ventures. The funds will fuel Rewst’s expansion of its robotic operations center (ROC) and support integrations into other MSP software tools. The round included investments from Florida Funders, MDJ, GroTech Ventures, Adam Slutskin (formerly CRO ConnectWise and CRO Liongard) and David Bellin (Former President and COO, ConnectWise).
Drawing on extensive experience serving the MSP community, the founder of Rewst Aharon Chernin and founding investor Gary Pica responded to the burgeoning demand for automation in the MSP space. Rewst delivers this with an online Robotic Process Automation (RPA) platform, managed and supported by its Robotic Operations Center (ROC), to connect products and automate routine manual tasks that occupy the most of the time of MSPs.
“Rewst removes the barrier to RPA for MSPs,” said Aharon Chernin, CEO of Rewst. “Without adding headcount, MSPs can support more customers and increase profitability with Rewst. ROC monitors active Rewst automations and creates new automation workflows to streamline MSP processes. MSP doesn’t even need to understand what an RPA is to see the difference it makes to our MSP partners.”
Taking a collaborative approach to the product roadmap by incorporating user feedback increases the speed and agility with which Rewst builds its RPA product. “Rewst is one of the most exciting companies I have come across and it has been a game changer for my business to have them as a Sourcepass partner. Rewst has had a positive impact on my bottom line from day one,” said Ken Varroneproduct manager at Sourcepass, Inc., an MSP.
“Aharon and his team have thrown a dart at the center of the MSP world’s demand for efficiency and repeatability,” said Gary Pica, CEO of TruMethods and influencer in the MSP space. “Rewst offers an entirely new perspective and approach to technical automation that changes the way MSPs think about operational maturity and increasing profitability.”
Sought after due to higher than expected customer growth and market demand, Rewst seed funds have raised to date $7.5 million. “Rewst has great potential, with rapid market adoption, clear product ROI and evangelical customers. We have been impressed with the enthusiasm the MSP community brings to collaboratively drive Rewst’s product roadmap,” shared Will RaynerDirector at TDF.
Founded in 2020 and based in Tampa, Florida, Rewst is focused on delivering robotic process automation (RPA) accessible to managed service providers. Benefiting from leadership with a track record of listening and anticipating the needs of their MSP users, the company is well positioned to meet the challenge of guiding RPA to its next stage of evolution.
About TDF Ventures
TDF Ventures is an early-stage venture capital firm with offices in washington d.c. and Silicon Valley. We focus on startups that serve enterprise markets in infrastructure, software and services (IaaS, SaaS, XaaS). We are currently investing from Fund V. Current areas of focus include AI/ML, business process automation, cybersecurity, e-commerce, infrastructure software, fintech and logistics technology.
Gary Pica, Jr.
VP of Marketing for Rewst